Looking for the top MBA/PGDM colleges in Maharashtra in 2025? Maharashtra has over 114+ mba/pgdm colleges. Top government institutes include IIM Mumbai, IIM Nagpur, SIMSREE, PUMBA, TISS Mumbai , and leading private universities are JBIMS Mumbai, SP Jain School of Global Management, SCMHRD, BITS School of Management, K J Somaiya Institute of Management . These colleges offer MBA/PGDM, Master of Business Administration and other mba/pgdm programs. Admissions to these colleges are primarily conducted through exams such as CAT , XAT , NMAT , GMAT , MAH CET .
When selecting the best mba/pgdm colleges in Maharashtra, students should consider factors such as NIRF rankings, placement records, return on investment (ROI), location, faculty, and specializations. This guide highlights the top-ranked mba/pgdm colleges in Maharashtra 2025 providing all key details on fees, placements, and entrance exams to help students make an informed choice.
Top MBA/PGDM Colleges in Maharashtra 2025: Key Highlights
| Metric | Details |
| Total Colleges in Maharashtra | 114+ |
| Top Exams Accepted | CAT , XAT , NMAT , GMAT , MAH CET |
| Ownership | ~91% Private, ~9% Government |
| Top Recruiters | HDFC Bank, ICICI, Deloitte, Axis Bank, Amazon |
| Average Fees | ₹ 40.7 K - ₹ 39.00 L |
| Average Placement | ₹ 3.50 L - ₹ 36.30 L |
Top MBA/PGDM Colleges in Maharashtra by Rankings 2025
The NIRF 2025 is the most trusted ranking for mba/pgdm colleges in India, evaluating institutes on teaching, research, graduation outcomes, outreach, and perception. Below are the top 10 mba/pgdm colleges in Maharashtra 2025 as per NIRF.
| College | 2025 | 2024 | 2023 |
| SIBM Pune | - | 13 | 17 |
| SP Jain (SPJIMR) | 20 | 20 | 20 |
| SVKM's NMIMS | 24 | 21 | 21 |
| IIM Nagpur | 25 | - | 43 |
| K J Somaiya Institute of Management | 65 | 63 | 45 |
Government vs Private MBA/PGDM Colleges in Maharashtra 2025
MBA/PGDM aspirants in Maharashtra can choose between government-funded institutes known for their affordability and high ROI, and private universities that offer modern infrastructure, global exposure, and multiple entrance options. The comparison below will help you determine which path best aligns with your academic and career goals.
Top Government MBA/PGDM Colleges in Maharashtra 2025
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| IIM Mumbai | ₹ 14.50 L - ₹ 15.00 L | CAT | ₹ 30.40 L | ₹ 30.40 L | ₹ 54.00 L |
| IIM Nagpur | ₹ 9.50 L - ₹ 12.10 L | CAT | - | - | - |
| SIMSREE | ₹ 51.0 K | MAH CET | ₹ 10.90 L | ₹ 10.90 L | ₹ 20.00 L |
| PUMBA | ₹ 1.52 L | CAT, XAT, ATMA, CMAT, MAH CET | ₹ 9.40 L | ₹ 9.40 L | ₹ 16.20 L |
| TISS Mumbai | ₹ 13.70 L | MAH CET | - | - | - |
Top Private MBA/PGDM Colleges in Maharashtra 2025
| College | Avg Annual Fees (Total) | Entrance Exams | Average Placement Package | Median Placement Package | Highest Placement Package |
| JBIMS Mumbai | - | CAT, XAT, ATMA, CMAT, MAH CET | ₹ 26.10 L | ₹ 26.10 L | ₹ 87.10 L |
| SP Jain School of Global Management | ₹ 19.55 L - ₹ 39.00 L | - | ₹ 19.80 L - ₹ 36.30 L | ₹ 24.00 L - ₹ 32.20 L | ₹ 78.10 L - ₹ 4.88 Cr |
| SCMHRD | ₹ 6.32 L - ₹ 16.54 L | MAH CET, SNAP | ₹ 24.30 L | ₹ 24.30 L | ₹ 38.00 L |
| BITS School of Management | ₹ 24.50 L | CAT | ₹ 23.50 L | ₹ 23.50 L | ₹ 45.00 L |
| K J Somaiya Institute of Management | ₹ 24.54 L | CAT, XAT, NMAT, ATMA, CMAT | - | - | - |
Top Trending Courses in MBA/PGDM 2025
MBA/PGDM in Maharashtra offers a wide range of courses to match industry demand and student interest. The most popular fields include Post Graduate Diploma in Management , MBA in Financial Management , Master of Business Administration (MBA) (Part Time) . The table below highlights the top courses, their leading colleges, entrance exams, average fees, and placement packages.
| Course | Top Colleges | Entrance Exams | Average Fees (Total) | Average Package |
| Post Graduate Diploma in Management | Chetana's Institute of Management and Research, I.S.M.E. School of Management and Entrepreneurship, SVIMS | CAT, XAT, NMAT, GMAT, CMAT | ₹ 9.0 K - ₹ 19.40 L | ₹ 2.80 L - ₹ 8.00 L |
| MBA in Financial Management | Balaji Institute of International Business, Indira Institute of Management, Thakur Institute of Management Studies and Research, ISMR Pune, Institute of Business Management and Research, Wakad | CAT, XAT, NMAT, GMAT, CMAT | ₹ 20.0 K - ₹ 14.38 L | ₹ 6.00 L - ₹ 37.00 L |
| Master of Business Administration (MBA) (Part Time) | NMIMS Mumbai, National Institute of Management, Mumbai | CAT, XAT, NMAT, GMAT, CMAT | ₹ 9.5 K - ₹ 16.02 L | ₹ 4.50 L - ₹ 7.80 L |
| Executive MBA | IIM Mumbai | CAT, XAT, NMAT, GMAT, CMAT | ₹ 20.2 K - ₹ 24.54 L | ₹ 4.00 L - ₹ 7.90 L |
| Post Graduate Program in Management (PGPM) | Athena School of Management | CAT, XAT, NMAT, GMAT, CMAT | ₹ 49.9 K - ₹ 22.65 L | ₹ 5.20 L - ₹ 17.80 L |
| MBA in Agri. Business Management | DY Patil University Pune | CAT, XAT, NMAT, GMAT, CMAT | ₹ 10.0 K - ₹ 17.23 L | ₹ 3.50 L - ₹ 12.60 L |
| Masters of Business Administration (MBA) | NICMAR University | CAT, XAT, NMAT, GMAT, CMAT | ₹ 39.0 K - ₹ 12.03 L | ₹ 2.98 L - ₹ 9.25 L |
| Master of Business Administration(MBA) | Balaji Institute of Technology Management Pune, Ahirkar Institute of Management Studies | CAT, XAT, NMAT, GMAT, CMAT | ₹ 44.4 K - ₹ 14.38 L | ₹ 4.30 L - ₹ 8.75 L |
| MBA in Aviation Management | ILAM | CAT, XAT, NMAT, GMAT, CMAT | ₹ 1.80 L - ₹ 10.03 L | ₹ 4.80 L - ₹ 6.50 L |
| Master of Business Administration | Mahatma Gandhi Mission's Institute of Management | CAT, XAT, NMAT, GMAT, CMAT | ₹ 70.0 K - ₹ 6.00 L | ₹ 3.60 L - ₹ 13.34 L |
Entrance Exams Accepted by Top MBA/PGDM Colleges in Maharashtra 2025
Admission to the top MBA/PGDM colleges in Maharashtra is primarily determined through national, institute-level, and state-level entrance exams.
| Exam | Top Accepting Colleges | Exam Date (2025) |
| CAT | IIM Mumbai, JBIMS Mumbai, BITS School of Management | 30 Nov 2025 |
| XAT | JBIMS Mumbai, K J Somaiya Institute of Management, NIBM Pune | 4 Jan 2026 |
| NMAT | K J Somaiya Institute of Management, SDA Bocconi Asia Center, ITM Business School Navi Mumbai | 5 Nov 2025 - 23 Dec 2025 |
| GMAT | IES MCRC, IMDR Pune, IIEBM Pune | - |
| MAH CET | JBIMS Mumbai, SCMHRD, SIMSREE | - |
| CMAT | JBIMS Mumbai, K J Somaiya Institute of Management, NIBM Pune | 25 Jan 2026 |
| ATMA | JBIMS Mumbai, K J Somaiya Institute of Management, Welingkar Mumbai | - |
| SNAP | SCMHRD, Symbiosis Institute of Digital & Telecom Management, SIOM Nashik | - |
| SET Exam | MMM's Institute of Management Education Research and Training, GNIMS Mumbai | - |
| IBSAT | IBS Mumbai, IBS Pune | 27 Dec - 28 Dec 2025 |
| NMIMS NPAT | NMIMS Mumbai, Pravin Dalal School | - |
| UGAT | NICMAR University | - |
State-wise & City-wise Top MBA/PGDM Colleges in Maharashtra 2025
MBA/PGDM education in Maharashtra varies by state and city, with some regions offering better institutions, private universities, and placement opportunities. Use the list below to explore the top MBA/PGDM colleges by state and city.
Top Cities for MBA/PGDM Colleges in Maharashtra 2025
Top MBA/PGDM Colleges in Pune
| College | Ownership | Entrance Exams |
| NIBM Pune | Public-Private | CAT, XAT, CMAT |
| SCMHRD | Private | MAH CET, SNAP |
| Symbiosis Institute of Digital & Telecom Management | Private | MAH CET, SNAP |
| SIBM Pune | Private | SNAP, MAH CET |
| SIIB Pune | Private | SNAP |
Top MBA/PGDM Colleges in Mumbai
| College | Ownership | Entrance Exams |
| SP Jain (SPJIMR) | Private | CAT, XAT, NMAT |
| BITS School of Management | Private | CAT |
| SP Jain School of Global Management | Private | - |
| SJMSOM | Public/Government | CAT |
| SVKM's NMIMS | Other | - |
Top MBA/PGDM Colleges in Nagpur
| College | Ownership | Entrance Exams |
| Jhulelal Institute of Technology | Private | CMAT |
| Ramdeobaba University | Private | CAT, XAT, ATMA |
| Datta Meghe Institute of Management Studies | Private | CAT, XAT, CMAT |
| IIM Nagpur | Public/Government | CAT |
| IMT Nagpur | Private | CAT, XAT, CMAT |
Top MBA/PGDM Colleges in Nashik
| College | Ownership | Entrance Exams |
| K. K. Wagh Institute of Engineering Education and Research | Private | - |
| Pune Vidyarthi Griha's College of Engineering & S.S. Dhamankar Institute of Management: | Other | - |
| Shri Neminath Jain Bhhramcharyashram | Private | CAT, XAT, CMAT |
| Dr. Moonje Institute of Management and Computer Studies,Nashik | Other | CAT, XAT, CMAT |
| SIOM Nashik | Private | SNAP |
Top MBA/PGDM Colleges in Navi Mumbai
| College | Ownership | Entrance Exams |
| NMIMS Navi Mumbai | Private | - |
| DY Patil University School of Management | Private | XAT, NMAT, MAH CET |
| ITM Business School Navi Mumbai | Private | CAT, XAT, NMAT |
| IBSAR Navi Mumbai | Private | CAT, XAT, ATMA |
| NMIMS Navi Mumbai | Private | NMAT, NMIMS NPAT |
FAQ About MBA/PGDM Colleges in Maharashtra 2025
Which is the No.1 mba/pgdm college in Maharashtra?
According to NIRF 2025, the No.1 mba/pgdm college in Maharashtra is IIM Mumbai , followed by IIM Nagpur and SIMSREE .
Which entrance exam is required for mba/pgdm?
For admission to top mba/pgdm colleges in Maharashtra, students primarily need to appear for CAT , XAT , NMAT , GMAT and MAH CET .
What is the average mba/pgdm fee in Maharashtra?
The average fees range from ₹ 40.7 K - ₹ 39.00 L per year. Government colleges typically charge ₹ 14.50 L - ₹ 15.00 L per year, while private colleges may charge - per year.
Which private mba/pgdm college has the best placements?
Among private institutions, JBIMS Mumbai and SP Jain School of Global Management and SCMHRD have the strongest placement records.